Lockheed to vacate Cherry Hill site, relocate 300 jobs

IT, financial offices to close in Camco

12:55 AM,
Nov. 10, 2012

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Defense contractor Lockheed Martin Corp. plans to shut down most of its operation here and move 300 jobs in a cost-cutting measure, a company representative said Friday.

The firm by April will vacate 82,000 square feet of leased space in an office building on eastbound Route 70 near Cuthbert Boulevard. The site houses information technology and financial offices, said Lockheed spokeswoman Nettie Johnson.

"We are looking for ways to save money for our customers," she said in a statement. Lockheed Martin expects to save $3 million a year through reduced lease and operating expenses," she ...